US Existing Home Sales Rise In November While Median Price Rises 13.9% YoY Amidst Declining Inventory – Confounded Interest

While the Bureau of Labor Statistics uses a lame measure of house price inflation, US existing home sales MEDIAN PRICE YoY is growing at 13.9%.

US existing home sales rose by 6.46 million units SAAR, less than the expected 6.53 million units SAAR.

Where is the inventory increases that various talking heads were predicting would emerge? Maybe they meant SUBMERGE?

Here is a video of me looking for the increasing inventory.